Dagong Global Credit Rating is a credit rating agency based in China. It is one of the few notable non-US based credit rating agencies. It is recognized as a credit rating agency which gave the US debt a lower credit rating than that given by the three traditional rating agencies Moody's, Standard and Poor's and Fitch. The U.S. Securities and Exchange Commission has refused to recognize Dagong's ratings because of the commission's inability to supervise the Beijing-based agency.

Dagong's ratings:

Dagong rates borrowers on a scale from AAA to C. Intermediate ratings are offered at each level between AA and CC (e.g., AA+, AA, and AA-).